Tag Archives: daily

November Consumer Prices, Dec. UI Claims, NY Fed, BOE

No Surprises from Today’s Data as We Wind Down Economics Publications for the Year The November Consumer Price Index increased by 0.2 percent, boosted by energy prices. Core CPI also increased by 0.2 percent, and was up 2.1 percent over … Continue reading

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Federal Reserve Monetary Policy

Fed Raises Short-Term Interest Rates 25 Basis Points As Expected As widely expected, the Federal Reserve raised the target range of the fed funds rate by 25 basis points. The vote of the Federal Open Market Committee was unanimous. The … Continue reading

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November Retail Sales, Industrial Production and Producer Prices

 Holiday Sales, Ho Ho No? November Retail Sales increased by just 0.1 percent. Industrial Production fell by 0.4 percent in November as utility output dropped. The Producer Price Index for Final Demand increased by 0.4 percent in November. The Federal … Continue reading

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November U.S. Employment

Positive Jobs Report Sets the Stage for December 14 Rate Hike Payroll Employment increased by 178,000 jobs in November. The Unemployment Rate for November dropped to 4.6 percent. Average Hourly Earnings decreased by 0.1 percent for the month, after a … Continue reading

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November ISM-MF Index, UI Claims, October Construction Spending

The ISM Manufacturing Index for November increased to 53.2 percent, showing improving conditions. Initial Claims for Unemployment Insurance increased by 17,000, to 268,000 for the week ending Nov. 26. Construction spending increased by 0.5 percent in October. The ISM Manufacturing … Continue reading

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October Industrial Production, Producer Prices

Production Stall Continues as Utility Output Falls, Producer Prices Flat Industrial Production for October was unchanged as utility output fell. The Producer Price Index for final demand was also unchanged in October. Industrial production for October was unchanged after dipping … Continue reading

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October Retail Sales, NY Fed

Consumers Bought Cars, Drove Them October Retail Sales increased by 0.8 percent, supported by autos and gasoline. Ex-auto Retail Sales also increased by 0.8 percent. Retail sales were solid in October, gaining 0.8 percent, after increasing by a strong 1.0 … Continue reading

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The Trump Presidency and the U.S. Economy

Expect Change, but Mind the Gap(s) Donald J. Trump won the presidential election with 290 electoral votes to Clinton’s 228. Trump received 47.3 percent of the popular vote to Clinton’s 47.8 percent. The House of Representatives remains in Republican control, … Continue reading

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October U.S. Employment, September International Trade

No Surprises Keeps the Fed on Track for a December 14 Rate Hike Payroll Employment increased by 161,000 jobs in October, dampened by Hurricane Matthew. The Unemployment Rate for October eased back to 4.9 percent. Average Hourly Earnings increased by … Continue reading

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October ISM Indexes, ADP Jobs, UI Claims, Central Banks

Fed Hints at December Rate Hike The ISM Non-Manufacturing Index for October eased to a still-positive 54.8. The ISM Manufacturing Index for October increased to 51.9, showing more momentum. According to ADP, 147,000 private sector jobs were added in October. … Continue reading

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